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1598 NE 1st Ave - Development Site Opportunity - A&E District

0.43 Acres of Commercial Land Offered at $13,000,000 in Miami, FL 33132

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Investment Highlights

Perfect for a condo tower, apartment rental building, or a luxurious hotel.
Potential for up to 216 residential units or 433 hotel units

Existing building of approx. 5K SF is in great condition, and can be used a sales center/office while the project is approved.
Seize the opportunity to shape the future of Miami's skyline.

Executive Summary

Incredible Development Opportunity in the vibrant Arts & Entertainment District! This prime property, located in an Opportunity Zone, offers a unique chance for savvy investors. With permitted buildable units reaching up to 216 for residential or 433 for hotel units, the potential is boundless. This prime 18,900 SF parcel is truly a Developer's Dream. Nestled in Miami's most sought-after neighborhood, capitalize on the advantage of the city's highest density zoning. Whether envisioning a striking Condo Tower, a thriving Apartment Rental Building, or a luxurious Hotel, this site holds immense promise for a groundbreaking project. Seize the opportunity to shape the future of Miami's skyline and be a part of this dynamic and rapidly growing community.

Development Site - A&E District

Property Facts

Price	$13,000,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Multifamily Apartment Units
Sale Conditions	Redevelopment Project	Total Lot Size	0.43 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$13,000,000
Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Multifamily Apartment Units
Total Lot Size	0.43 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$13,000,000	Lot Size	0.43 AC
Price Per AC	$29,961,925.31

Price	$13,000,000
Price Per AC	$29,961,925.31
Lot Size	0.43 AC

Development Site Opportunity - Assemblage of prime land in the heart of the Arts & Entertainment District. Perfect for the development of a condo tower, apartment rental building, or a luxurious Hotel.

Description

Total Land 18,900 SF for Sale. Three Folios: 1. 01-3136-005-0870 - 1598 NE 1 AVE. Miami, FL 33132 2. 01-3136-005-0900 - 1542 NE 1 AVE. Miami, FL 33132 3. 01-3136-005-0910 - 1532 NE 1 AVE. Miami, FL 33132

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Walk Score®

Walker's Paradise (91)

Transit Score®

Rider's Paradise (91)

Bike Score®

Very Bikeable (84)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

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of any address. Transit Score®

measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Number	01-3136-005-0900	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$1,509,354

PROPERTY TAXES

Parcel Number

01-3136-005-0900

Land Assessment

Improvements Assessment

Total Assessment

$1,509,354

zoning

Zoning Code	C-2 (T6-24A-O FLR: 7 Base SF: 132, 300 SF 30% Public Bonus: 39,690 SF Total SF: 171,900 SF.)
C-2 (T6-24A-O FLR: 7 Base SF: 132, 300 SF 30% Public Bonus: 39,690 SF Total SF: 171,900 SF.)

Listing ID: 30807956
Date on Market: 1/29/2024
Last Updated:
Address: 1598 NE 1st Ave, Miami, FL 33132

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1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 1 of 13 — Aerial 5 - 1598 NE

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 2 of 13 — Pic 3

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 3 of 13 — Aerial 3 - 1598 NE

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 4 of 13 — Aerial 6 - 1598 NE

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 5 of 13 — Aerial 8 - 1598 NE

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 6 of 13 — Pic 8

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 7 of 13 — Pic 1

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 8 of 13 — Pic 4

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 9 of 13 — Pic 5

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 10 of 13 — Pic 6

1598 NE 1st Ave, Miami, FL for sale Building Photo- Image 12 of 13 — Aerial 2 - 1598 NE

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